Vibrant Gujarat Summit- Mukesh Ambani calls Reliance a Gujarati firm, says invested one-third of $150 billion investments in state

Vibrant Gujarat Summit: Mukesh Ambani calls Reliance a Gujarati firm, says invested one-third of $150 billion investments in state

Reliance Industries Chairman Mukesh Ambani, while addressing the Vibrant Gujarat Summit 2024 on Wednesday, talked about his and the company’s commitment to the growth of the state. Acknowledging that Reliance will always remain a ‘Gujarati company’, he said that one-third of his company’s $150 billion investments in India took place in Gujarat.

“Reliance was, is, and will always remain a Gujarati company. Each of Reliance’s businesses is striving to fulfil the dreams of my seven crore fellow Gujaratis. Reliance has invested over $150 billion (Rs 12 lakh crore) in creating world-class assets and capacities across India in the last 10 years. Of this, more than one third has been invested in Gujarat alone,” he said. 

Mukesh Ambani also announced his five commitments to the people of Gujarat. Firstly, he said that Reliance will continue to play a role in Gujarat’s growth story with significant investments in the next ten years. “Specifically, Reliance will contribute to making Gujarat a global leader in green growth. We will help Gujarat’s target to meet half of its energy needs through renewable energy by the year 2030,” he said. The company has started building the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar. This, he said, will generate a large number of green jobs and enable production of green products and materials and will make Gujarat a leading exporter of green products. “We are ready to commission this in the second half of 2024 itself,” said Mukesh Ambani.

Second, he added, Reliance Jio has made Gujarat fully 5G enabled. This will make Gujarat a global leader in digital data platforms and AI adoption, which will generate millions of new employment opportunities while also producing AI enabled doctors, AI enabled teachers and AI enabled farming, which will revolutionise healthcare, education and agricultural productivity in Gujarat. 

Third, Reliance’s Retail will further accelerate its mission to bring quality products to consumers and simultaneously empower lakhs of kisans and small merchants.

Fourth, Reliance will make Gujarat a pioneer in new materials and the circular economy. As a first step, Reliance is setting up India’s first and world-class carbon fibre facility at Hazira.

And finally, acknowledging that the prime minister has announced that India will bid for the 2036 Olympics, he said that in preparation for the same, Reliance and Reliance Foundation will join forces with several other partners in Gujarat to improve education, sports and skills infrastructure that will nurture the champions of tomorrow in various Olympics sports.